Mumbai, Oct. 28 -- The key equity benchmarks traded with moderate losses in mid-afternoon trade as persistent concerns over elevated crude oil prices, weakness in heavyweight stocks and mixed corporate earnings continued to weigh on investor sentiment. Cautious positioning ahead of the US Federal Reserve's monetary policy decision further dampened risk appetite, with investors awaiting clarity on the central bank's interest rate outlook and its potential implications for global financial markets. The Nifty traded below the 22,700 level.

Consumer durables shares witnessed buying demand for second consecutive trading sessions.

At 14:20 IST, the S&P BSE Sensex declined 54.80 points or 0.24% to 73,284.26. The Nifty 50 index fell 53.95 point...